Balance Transfer Day Legislation

Credit card companies lure American people with zero interest rates and later jack up those fees as high as 29.99%. Senator Sheldon Whitehouse (D-RI) proposed the ability of states to set limits on credit card and other consumer loan interest rates. Please join us in protest of High Interest Rates on Balance Transfer Day, December 11 2011. Learn more at fb.com/BalanceTransferDay

United States has just marked 15 Trillion Dollars in National Debt. 73% of American Families are tied in credit cards.Who owns the DEBT of our Nation and our families? Banks and Credit Card Companies.

Therefore, I just signed the following petition addressed to: U.S. Congress, to express complete distaste with uncontrolled practices of setting high interest rates on loans and credit cards, in an economic environment that promotes debt growth.

I understand that when Corporations become too big-to-fail and too greedy, our daily lives and children's future are jeopardized. We need protection.

The Occupy Movement, the anger of everyday people, has sounded awareness in anguish of the weight of our nation's debt, but this is my own, personal chance to do something about it. I want to bring real change, using our democratic system.

I demand that U.S. Congress pass Empowering States to Protect Consumers from Abusive Lending ACT. I also demand that Balance Transfer Day would be proclaimed as a National Day of Financial Literacy, and here is why:

About thirty-four percent of parents have taught their teen how to balance a checkbook, and less than that has explained how credit card interest and fees work and ninety-three percent of American parents report worrying that their children might make financial missteps such as: overspending or living beyond their means.

The Balance Transfer Day will be a wise reminder for future generations of events that sparked the protests on Wall Street and in hometowns across U.S.

Credit card companies, who helped to build an empire of impulsive spending, continue to lure American people with zero interest rates and later jack up those fees as high as 29.99%.

This is why I support Senator Sheldon (D-RI) proposal to empower U.S. states to set limits on credit card and other consumer loan interest rates.

I hereby, sign this petition in support of Balance Transfer Day and proposed legislation to cap interest rates.